Mrs. tan got a business loan worth 800,000. she promised to pay the loan semi- annually in 5 years. the semi-annual payment is 103,603.66 if money is worth 10% converted semi-annually. how much is the outstanding balance after the third payments

Q: Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan…

A: loan: It is a type of debt that a person or other institution has incurred.

Q: Dr Musonda is struggling to repay his loan of K600,000 with payments of K12,800 made monthly in…

A: The future value is useful to investors and financial planners, as they use it to estimate how much…

Q: You borrow $10,000 at 8% for 4 years. The loan is repayable in four equal instalments at year end.…

A: Answer: Calculation of the amount of annual/yearly equal instalment: In order to calculate the size…

Q: Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: (a) A savings and loan association has offered her a 10-year small business loan at an annual…

A: Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

Q: (a) Heather borrowed $5000 from her grandmother as a down payment on her first car. She promised to…

A: Part-A Borrowed Amount is $5000 Time period is 2 years Interest rate is 7% Per annum To Find:…

Q: urt borrowed from a bank and wants to start paying P50,000 annually at the end of the 4th year. If…

A: In this we need to find the present value of payment today.

Q: Bill needs to borrow $24,000 now to pay for personal expenses. Bill would like to pay back the 1)…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Alice borrowed $8,000 from her grandmother to buy The interest rate being charged is 4.5% compounded…

A: The present value of annuity due refers to the current value of a series of future payments. The…

Q: Monica wants to consolidate several loans she has into a single three-year loan for $150,000 that…

A: When making payments for loans the monthly payment amount is fixed. However the interest component…

Q: Chris bought a new car for $12,500. He made a $3,000 down payment and financed the rest at an annual…

A: Loan is an amount that is paid by the lender to the borrower for the certain period of time. The…

Q: 1.) Leslie Mosallam, who recently sold her Porsche, placed RM10,000 in a savings account paying…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: You want to buy a car, and a local bank will lend you $10,000. The loan would be fully amortized…

A: "Hi, As you posted multiple questions, we will answer the first question for you as per guidelines.…

Q: PLEASE SHOW YOUR STEP-BY-STEP SOLUTION. Liam paid ₱68,000 to a money lending company after one and a…

A: Maturity Amount = Principal x (1+i)n Where, i = interest rate n = number of quarters

Q: Ann Hopkins borrowed $60,000 for her child’s education. She must repay the loan at the end of 8…

A: Future value can be defined as the worth of money at a future date, computed in accordance with the…

Q: Zoey Bettincourt gets a $300,000 loan for a townhouse. She secures a 5/1 ARM at an initial interest…

A: Loan amount = $300,000 Initial interest rate = 2.75% Initial payment = $1,224.72 After 5 years,…

Q: Company A is contemplating on borrowing $500,000 to start a business. Credit union 1 has offered to…

A: Time value of money can be defined as a concept which states that the value of a currency declines…

Q: When Florio and Rhoda bought their home, they borrowed $200,000 for 30 yearsat 6%, compounded…

A: Note: we will answer the first three subpart The question is based on the calculation of…

Q: Compute the annual percentage rate (APR) and effective annual return (EAR) on this loan.

A: Effective annual rate (EAR) refers to a real interest rate which an investor is expect from his…

Q: (a) Heather borrowed $5000 from her grandmother as a down payment on her first car. She promised to…

A: calculation of above requirement are as follows

Q: 1.      A homeowner planning a kitchen remodeling can afford a $200 monthly payment. How much can…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Mr Teo wants to buy a house. His annual income is $48,000. The bank is willing to lend an amount…

A: As your question contains multiple subparts, we would be answering first three only. To get the…

Q: Question 1 Mrs. Martin has $250 000 that she can deposit in any of three savings account for a three…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 1. At what interest rate will a principal of ₱9,500 accumulate to ₱15,000 in 2 years compounded…

A: Future value (FV) = P 15000 Investment amount (PV) = P 9500 Period (N) = 2 Years Number of…

Q: Leslie Mosallam, who recently sold her Porsche, placed $10,000 in a savings account paying annual…

A: future value: value of the present cashflow at future date.

Q: Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan…

A: Loan is an agreement between lender and borrower where lender agrees to provide funds to borrower.…

Q: Company A is contemplating on borrowing $500,000 to start a business. Credit union 1 has offered to…

A: Union 1 principal = $500,000 Interest rate =14% (compounding continuously) Loan Life = 5 Years…

Q: A student needs to borrow $7,000 to pay for college. She can get a loan at an APR of 10% to paid off…

A: We need to calculate total payment by using the loan amortization formula. Fist we need to calculate…

Q: You deposit  GHS10,000 today into an account paying 6% annual interest and leave it on deposit for…

A: As per Bartleby answering guideline, we can answer only one question, if student post more than one…

Q: Your company bought equipment for $25,000 by paying 10% down and the rest on credit. The credit…

A: price of equipment=$25,000 downpayment=10% loan amount = price x (1-downpayment) loan amount…

Q: Please use formula in solving.   You are interested in buying a house worth P1,200,000. You paid…

A: Since you have asked a question with multiple parts, we will solve the first 3 parts for you. Please…

Q: Heather has $13,000 to put down on a new car priced at $25,000. The bank offers an annual interest…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Mary needs to repay a $12,000 debt. Her bank offers personal loans with terms from one to five…

A: Monthly payment for three year tern is $ 382.99

Q: Dr Musonda is struggling to repay his loan of K600,000 with payments of K12,800 made monthly in…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: A borrower made a constant payment mortgage loan 8 years ago for $400,000 at 12 percent interest for…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Assuming that each loan would be amortized by 36 equal monthly installments, determine the amount of…

A: Interest is the amount paid in proportion to the amount of loan taken or the deposit. It is the…

Q: Repaying a Loan While Mary Corens was a student at the University of Tennessee, she borrowed $9,000…

A: Loan repayment is the process by which loan taken is returned to the lender with applicable interest…

Q: 1. Chris has saved $6500 towards buying a car which is valued at $23,500. They plan to borrow the…

A: Thank you for posting questions. Since you have posted multiple subparts of a question, as per the…

Q: David is borrowing $150,000 from Hartford Bank to open Road and Off-Road Bicycle Shop. David expects…

A: Answer:

Q: Carrie took out a $48,000 student loan with a fixed interest rate to pay for college. Carrie did not…

A: Loan Amount is $48000..............(Present Value) Time period is 9 years Loan balance increased to…

Q: Howard owns a small electronics repair shop. He wants to borrow $10,000 now and repay over the next…

A: Loan Amount = 10,000   Option 1. Bank A Loan = 10,000 Repayment in year 1 = 5378.05 Repayment in…

Q: With cash flow diagram. Mia purchased a used car for $15,000. She wrote a check for $3000 as a down…

A: In this we need to calculate the present value factor and from that we can get monthly payment.

Q: 4) of 3% per year compounded monthly. John has been making equal monthly payments on the loan. He…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…